eBook Calculator Problem 17-43 (LO. 2 ) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that none of the corporate shareholders owns 20 % or more of the stock in the corporations paying the dividends. Almond Banana Cherry Corporation Corporation Corporation Income from operations $700,000 $800,000 $900,000 Expenses from operations (600,000) (860,000) (910,000) Qualifying dividends 100,000 100,000 100,000 Click here to view the dividend received deduction table. a. The dividends received deduction for Almond Corporation is b. The dividends received deduction for Banana Corporation is The dividends received deduction for Cherry Corporation is c. Feedback Previo Dividends Received Deduction EXHIBIT 17.2 Percentage of Ownership by Corporate Shareholder Deduction Percentage Less than 20% 50% 20% or more (but less than 80%) 65% 80% or more* 100% The payor corporation must be a member of an affiliated group with the recipient corporation